Dos and Don'ts Of Using Credit Cards Carefully

Before playing any game, it is important that you know the rules to stay out of trouble! The following do’s and don’ts of credits cards are a must read!

To have a secure financial future it is important that you avoid debts and get used to following a healthy spending habit.

There are special credit card offers that are something you must definitely look out for to avail great offers and discounts on shopping, tickets, travel and more.

Here are the things that you must do:

• DO read the credit card policies before registering. If you are a new user you obviously do not know the terms & conditions of buying, using and maintaining a credit card. So it is really important that you know all the policies before becoming a credit card holder.

• DO understand the power of a credit card. For you, future financial credit history banks make sure that they keep a watch on you. So use your credit card wisely as it will help you avail many other options like to get loans with low-interest rates, rent an apartment, purchase a car or a home and also help you get a job.

• DO pay minimum due and contact your creditor if you are facing issues making payments. Make sure you pay some amount of minimum payments which will help you avoid late fees and the rising APR. it is always a good idea to pay off your minimum due if you are not able to make your monthly payments. If you are not able to pay for any issues, then letting the creditor know is highly recommended.

• DO stay away from people who say they can ‘fix’ your credit report. A positive payments history is important because it will help you legally remove negative accurate information from your credit history.

• DO get a copy of your credit history in an annual basis. The credit card holder has the right to know about the credit report. So make sure you have a copy of that.

Here are the things that you don't have to do:

• DON'T forget to pay your bills on time. The credit rating can hamper your credit report, so make sure you pay your bills on time. Let your creditor know when you are not able to pay the bills due to any reason.

• DON'T spend more than your limit of spending.  We must not forget that credit is a loan and have to be repaid. So it is your responsibility to make sure that you spend only that much that you can return back.

• DON'T look beyond the credit card warnings. Use cash-advances to fund daily living expenses or make sure to transfer some balance in the credit danger zone.

• DON'T let anyone know your credit card number. Make sure that you do not share your credit card number with anyone. Never give out the personal data and transaction history to anyone. Be safe from theft, phishing scams that ask for your personal details.